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- Socio-economic conditions are deteriorating rapidly in Syria, affected by a range of shocks including prolonged armed conflict, economic sanctions, the COVID-19 pandemic, a severe drought, deepening economic crises in neighboring Lebanon and Turkey, and the economic consequences of the war in Ukraine and associated sanctions.
www.worldbank.org/en/country/syria/publication/economic-update-april-2022
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May 24, 2024 · More than a decade of conflict compounded by external shocks have further worsened Syria’s dire economic situation in 2023 and led to a dramatic deterioration in the welfare of Syrian households, according to two new World Bank reports released today.
- Syria's Economic Update — April 2022 - World Bank Group
The economic condition in Syria is projected to continue to...
- Earthquake undermines Syria’s Economic Outlook, Compounding ...
Earthquake undermines Syria’s Economic Outlook, Compounding...
- Syria's Economic Update — April 2022 - World Bank Group
Feb 18, 2021 · According to the World Bank, the Syrian economy has shrunk by more than 60 percent since 2010, and the Syrian pound has crashed. Pre-war, the Syrian pound traded near 50 SYP to the dollar. As of January 2021, it was formally trading at over 1,250 SYP and informally at over 3,000 SYP.
Apr 14, 2022 · The economic condition in Syria is projected to continue to be mired by the low intensity conflict, turmoil in Lebanon and Turkey, the COVID-19 pandemic, and the economic consequences of the war in Ukraine and associated sanctions.
Syria's government has doubled public sector pay while at the same time cut fuel subsidies, as it tries to boost the war-torn country's economy.
Feb 25, 2021 · Syria’s fragile economy has “suffered multiple shocks” over the past 18 months, with its currency plummeting and joblessness swelling as people struggle to cover their basic needs, the UN...
Mar 17, 2023 · Earthquake undermines Syria’s Economic Outlook, Compounding Dire Socio-Economic Conditions, and Internal Displacement. GDP contraction expected to widen by 2.3 percentage points in 2023. Physical damages and losses estimated at US$3.7 billion and US$1.5 billion, respectively.
Jun 15, 2020 · AFP. Food is more than twice as expensive as it was last year in Syria. No-one exactly knows how much damage the war has done to Syria's economy. One estimate is something like half a...
